Response to media coverage
Board responds to media coverage of shareholder encouraging exploration of a sale.
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The Board of Big Yellow notes the recent media coverage that a shareholder, who the Company met with recently, is encouraging Big Yellow to explore a sale.
On 13 October 2025, the Big Yellow Board stated that it had “held meetings with a small number of parties in relation to a range of potential options including a potential sale of the Company”. Subsequently on 4 December 2025, the Company received an indication from an interested party of a valuation level at which it could make a proposal. The Board concluded that it was not at a level that reflected the full potential of the Company and discussions were therefore terminated.
The Board and management team continue to focus on executing the Company’s clear and proven strategy. The Board is also cognisant of its fiduciary duties and continually evaluates all options for maximising shareholder value.
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